Experian Logo

Experian Ltd E-Series Business

Limited Company Gold Report

Company Details

Company Name FIRST INDEPENDENT FINANCE LIMITED
Registered Number SC198910
Registered Office 22 DUNLOP STREET, STEWARTON, KILMARNOCK, AYRSHIRE KA3 5AT
Date Incorporated 10 August 1999



Credit Summary

Credit Values (Calculated on 31 October 2006 At 14:19:16)
Credit Limit £ 24,000
Credit Rating £ 7,700
Credit Opinion
»  A very low risk company; no hesitation in recommending credit transactions to the limit assigned.
 
Commercial Delphi help
Financial Stability Assessment
Commercial Delphi Score 94 out of 100
Commercial Delphi Band Very Low Risk
Failure Odds 84:1
Commercial Delphi Rating starstarstarstarstar 

Payment Summary

  Company Industry
Days Beyond Terms 0 20
 
This company pays within its terms
This company pays faster than the industry average
There is a consistent payment pattern.
Industry Type For Comparison - Business Services

Public Record Information

Mortgages/Charges None Recorded
Legal Notices None Recorded
County Court Judgments None Recorded in Last 72 Months

Balance Sheet

Date Latest Accounts 31 December 2005 Accounts Ref. Date 31 December
Date Latest Returns 10 August 2006  

   Date Of Accounts 31/12/2005 31/12/2004 31/12/2003 31/12/2002
   Accounting Standard UK GAAP UK GAAP UK GAAP UK GAAP
   Number Of Weeks  52  52  52  52
   Currency GBP  GBP  GBP  GBP 
   Tangible Assets 50,478 46,998 37,730 28,093
      Land & Buildings - - - -
         Freehold - - - -
         Leasehold - - - -
      Fixtures & Fittings - - - -
      Plant & Vehicles - - - -
         Plant - - - -
         Vehicles - - - -
      Other Tangible Assets - - - -
   Intangible Assets 0 0 0 0
   Other Non-Current Assets 0 0 0 0
   Total Fixed/Non-Current Assets 50,478 46,998 37,730 28,093
   Inventories 0 0 0 0
      Raw Material/Stocks 0 0 0 0
      Work In Progress 0 0 0 0
      Finished Goods 0 - - -
   Debtors 260,545 221,535 96,997 74,195
      Trade Debtors - - - -
      Group Loans - - - -
      Directors Loans - - - -
      Other Debtors - - - -
   Cash At Bank 146,373 90,308 197,424 41,767
   Other Current Assets 0 0 0 0
   Total Current Assets 406,918 311,843 294,421 115,962
   Total Current Liabilities 192,390 162,301 173,389 112,459
      Trade Creditors - - - -
      Bank Overdraft - - - -
      Group Liabilities - - - -
      Director Liabilities - - - -
      Hire Purchase/Leasing - - - -
         Hire Purchase - - - -
         Leasing - - - -
      Short Loans - - - -
      Taxation - - - -
      Dividends - - - -
      Accruals/Deferred Income - - - -
      Social Security/VAT - - - -
      Other Current 192,390 162,301 173,389 112,459
   Working Capital 214,528 149,542 121,032 3,503
   Capital Employed 265,006 196,540 158,762 31,596
   Total Long Term Liabilities 0 0 0 0
      Group Long Term Liabilities 0 0 0 0
      Director Long Term Liabilities 0 0 0 0
      Hire Purchase/Leasing 0 0 0 0
         Hire Purchase 0 0 0 0
         Leasing 0 0 0 0
      Other Long Term Loans 0 0 0 0
      Accruals/Deferred Income 0 0 0 0
      Other Long Term Liabilities 0 0 0 0
   Total Provisions 6,943 8,503 8,229 3,939
      Deferred Taxation - - - -
      Pension - - - -
      Other Provisions 6,943 8,503 8,229 3,939
   Minority Interests 0 0 0 0
   Total Net Assets 258,063 188,037 150,533 27,657
   Issued Capital 50,000 50,000 2,100 2,100
      Ordinary Shares 50,000 - - -
      Preference Shares 0 - - -
      Other Issued Capital 0 - - -
   Share Premium Accounts 0 0 0 0
   Revaluation Reserve 0 0 0 0
   Retained Earnings 208,063 138,037 148,433 25,557
   Other Reserves 0 0 0 0
   Total Shareholders' Funds 258,063 188,037 150,533 27,657
   Net Worth 258,063 188,037 150,533 27,657

Profit & Loss

No Financial Information Available

Company Ratios & Disclosure Items

Date Latest Accounts 31 December 2005 Accounts Ref. Date 31 December
Date Latest Returns 10 August 2006  
Date Of Accounts 31/12/2005 31/12/2004 31/12/2003 31/12/2002
         
Ratios        
Current Ratio 2.12 1.92 1.70 1.03
Acid Test 2.12 1.92 1.70 1.03
Credit Period (Days) - - - -
Return On Capital % - - - -
Pre-Tax Profit Margin % - - - -
Borrowing Ratio % - - - -
Equity Gearing % 56.42 52.40 45.32 19.20
Debt Gearing % - - - -
Average Remuneration/Employee £ - - - -
Profit/Employee £ - - - -
Sales/Employee £ - - - -
Disclosure Items        
Depreciation Charges 20,767 - - -
Amortisation Charges - - - -
Discontinued Operations 0 - - -
         
Number Of Employees - - - -
Employees' Remuneration - - - -
Directors' Remuneration - - - -

Key Ratios - Industry Comparisons
Date Of Accounts
 
Return On Capital %
Pre-Tax Profit Margin %
Credit Period (Days)
Liquidity
Borrowing Ratio %
Equity Gearing %
Debt Gearing %
Number Of Employees
Avg. Employee Remuneration £
Turnover/Employee £
Pre-Tax Profit/Employee £
31/12/2005
 
-
-
-
2.12
-
56.42
-
-
-
-
-
31/12/2004
 
-
-
-
1.92
-
52.40
-
-
-
-
-
% Change
 
-
-
-
10.08
-
7.67
-
-
-
-
-
Industry
Median
16.8
17.1
12
1.4
0.0
47.1
0.0
N/A
32,809
86,530
12,357

Industry Median based on 16,611 similar companies in 1980 SIC Code 8310 - MISCELLANEOUS FINANCIAL SERVICES

Payment Profile

Summary
 
Based on the information supplied from our sources:
 
This company pays faster than the industry average.
There is a consistent payment pattern.
This company has 0 accounts placed for collection.
This company has 0 outstanding unpaid accounts.
This company pays within its terms.

Current Days Beyond Terms
 
Days Beyond Terms (DBT) For September 2006
 
Company 0
Number of Accounts 2
DBT (Month To Date) 0
Number of Accounts (Month To Date) 1
Industry 20
Industry Type For Comparison Business Services

Days Beyond Terms Trend
 
All figures refer to days beyond terms (DBT)

Trend Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Company 0 0 0 - - 0 0 0 - 0 0 0
Industry 19 17 17 17 18 18 19 19 19 19 20 20

Averages Current Last 3 Months Last 6 Months Last 12 Months
Company 0 0 0 0
Industry 20 20 19 19

Days Beyond Terms Breakdown
 
Payment Performance By Size Of Account For September 2006

  £1 - £1,000 £1,001 - £10,000 £10,001 - £100,000